{"id":51880,"date":"2026-05-04T20:36:30","date_gmt":"2026-05-05T00:36:30","guid":{"rendered":"https:\/\/prefblog.com\/?p=51880"},"modified":"2026-05-04T20:36:30","modified_gmt":"2026-05-05T00:36:30","slug":"may-4-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51880","title":{"rendered":"May 4, 2026"},"content":{"rendered":"

Holy Smokes! The Canada 5-Year is now yielding 3.28%<\/a>! Trump’s adventurism is costing a lot of people a lot of money!<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2215 %<\/td>\n2,502.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2215 %<\/td>\n4,744.8<\/td>\n<\/tr>\n
Floater<\/td>\n5.74 %<\/td>\n5.94 %<\/td>\n44,991<\/td>\n13.98<\/td>\n3<\/td>\n0.2215 %<\/td>\n2,734.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0316 %<\/td>\n3,649.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.77 %<\/td>\n4.84 %<\/td>\n60,791<\/td>\n2.84<\/td>\n5<\/td>\n-0.0316 %<\/td>\n4,358.2<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0316 %<\/td>\n3,400.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.78 %<\/td>\n5.73 %<\/td>\n56,968<\/td>\n6.64<\/td>\n3<\/td>\n-0.0662 %<\/td>\n3,041.7<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.65 %<\/td>\n5.72 %<\/td>\n48,994<\/td>\n14.27<\/td>\n30<\/td>\n-0.1750 %<\/td>\n3,333.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.68 %<\/td>\n6.07 %<\/td>\n99,121<\/td>\n13.54<\/td>\n24<\/td>\n0.0839 %<\/td>\n3,280.3<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.55 %<\/td>\n5.60 %<\/td>\n54,632<\/td>\n14.45<\/td>\n22<\/td>\n-0.3000 %<\/td>\n3,248.6<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0839 %<\/td>\n3,902.3<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.98 %<\/td>\n4.60 %<\/td>\n95,470<\/td>\n2.33<\/td>\n24<\/td>\n0.0402 %<\/td>\n2,652.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0839 %<\/td>\n3,353.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.10 %<\/td>\n5.32 %<\/td>\n74,972<\/td>\n3.25<\/td>\n14<\/td>\n-0.1448 %<\/td>\n3,242.0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n-5.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n-2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 23.91
\nEvaluated at bid price : 24.15
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-2.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 22.33
\nEvaluated at bid price : 22.60
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n-2.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
ENB.PF.G<\/td>\nFixedReset Disc<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 22.51
\nEvaluated at bid price : 23.35
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.70
\nEvaluated at bid price : 21.95
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n
GWO.PR.H<\/td>\nInsurance Straight<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.33
\nEvaluated at bid price : 21.60
\nBid-YTW : 5.67 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 22.20
\nEvaluated at bid price : 22.68
\nBid-YTW : 6.26 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n3.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 23.67
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.59 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n57,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 23.26
\nEvaluated at bid price : 24.71
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Prem<\/td>\n47,600<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-01-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n26,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.58
\nEvaluated at bid price : 21.95
\nBid-YTW : 6.31 %<\/td>\n<\/tr>\n
POW.PR.G<\/td>\nPerpetual-Discount<\/td>\n22,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 23.91
\nEvaluated at bid price : 24.15
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n19,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 23.32
\nEvaluated at bid price : 23.60
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n16,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 24.64
\nEvaluated at bid price : 24.89
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
There were 3 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\nQuote: 21.00 – 22.30
\nSpot Rate : 1.3000
\nAverage : 0.9974<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n

POW.PR.G<\/td>\nPerpetual-Discount<\/td>\nQuote: 24.15 – 24.90
\nSpot Rate : 0.7500
\nAverage : 0.4566<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 23.91
\nEvaluated at bid price : 24.15
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n

NA.PR.K<\/td>\nFixedReset Prem<\/td>\nQuote: 27.62 – 28.30
\nSpot Rate : 0.6800
\nAverage : 0.4037<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2029-05-01
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.62
\nBid-YTW : 3.96 %<\/td>\n<\/tr>\n

IFC.PR.I<\/td>\nInsurance Straight<\/td>\nQuote: 22.06 – 24.97
\nSpot Rate : 2.9100
\nAverage : 2.6730<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.80
\nEvaluated at bid price : 22.06
\nBid-YTW : 6.19 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 21.25 – 22.25
\nSpot Rate : 1.0000
\nAverage : 0.7893<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.37 %<\/td>\n<\/tr>\n

PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\nQuote: 23.93 – 24.49
\nSpot Rate : 0.5600
\nAverage : 0.3583<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-05-04
\nMaturity Price : 23.66
\nEvaluated at bid price : 23.93
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Holy Smokes! The Canada 5-Year is now yielding 3.28%! Trump’s adventurism is costing a lot of people a lot of money! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-51880","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51880"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51880\/revisions"}],"predecessor-version":[{"id":51881,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51880\/revisions\/51881"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}